Walgreens Is Slowing Down M&A. Should Investors Be Worried?
Walgreens Boots Alliance (NASDAQ: WBA) is going to scale back on mergers and acquisitions. The company's pivot to healthcare and launching primary-care clinics has been taking up a significant portion of its resources and attention, and that's where its focus will remain.
Is this good news for investors, or could it be a sign of trouble ahead for the stock?
On Walgreens' first-quarter earnings call earlier this month, Chief Financial Officer James Kehoe said that while the company won't be pursuing multibillion-dollar acquisitions in the near term, it could acquire businesses that are "in the hundreds of millions." The focus will be on "smaller companies with specific, call it, capabilities that we need to advance our organic business."
Source Fool.com
